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Master Policy Resources

Master Policy Resources

Welcome to the master policy resource page where you will find important information about National MI’s current Master Policy along with other valuable information to help you.

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Underwriting and Rescission Relief Options

National MI offers you choices in underwriting (delegated or non-delegated) and rescission relief (with clearly described terms of coverage) as described in the following table:


RESCISSION RELIEF OPTIONS
NATIONAL MI RESCISSION RELIEF TERMS*
EARLY RESCISSION RELIEF
upon successful independent validation
12 MONTHS
with Rescission Relief after 12 timely payments
36 MONTHS
with Rescission Relief after 36 timely payments
DELEGATED (Choose one)
Post-Close Origination package with closing docs
N/A -
See Early Rescission Relief
Without origination or closing docs (aka without Independent Validation)
NON-DELEGATED (Choose one)
Pre-Close Origination package with Post-Close closing docs
Pre-Close Origination package without docs (i.e., Closing Doc Exception)
N/A -
See 12 Months Closing Doc Exception
NATIONAL MI RESCISSION RELIEF TERMS
UNDERWRITING OPTIONS
DELEGATED
SAFEGUARD PLUS®
UPON INDEPENDENT VALIDATION
Origination package and closing docs Rescission relief provided upon successful independent validation
SAFEGUARD®
12 months
(Now SafeGuard Plus)
STANDARD
36 MONTHS
Without origination or closing documents Relief after 36 timely payments
UNDERWRITING OPTIONS
DELEGATED
SAFEGUARD PLUS®
UPON INDEPENDENT VALIDATION
Origination package and closing docs Rescission relief provided upon successful independent validation
SAFEGUARD®
12 months
(Now SafeGuard Plus)
STANDARD
36 MONTHS
Without origination or closing documents Relief after 36 timely payments

*Refer to the new Rescission Relief Guide for details (effective for all MI applications received on or after March 1, 2020). National MI’s rescission relief is subject to the 2020 Master Policy terms and conditions.

Rescission Relief Guide Archive




Committed to Sensible Servicing®

We’ve taken a thoughtful and balanced approach to how we service your business and work with you. To us, it’s not just a file, an account, or a policy. We express care and concern in our interactions with you, to resolution. It’s about conversations that count, whether it concerns a policy update, a payment, or documentation. We deliver insurance, not arguments.

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